"Wal-Mart Stores Inc. has added streaming movies to its website as the world's largest retailer attempts to grab a bigger share of the online movie market from rival service Netflix Inc.
The decision to offer movie sales and rentals through Walmart.com comes just two weeks after Netflix raised prices for the majority of its customers. The price hike provoked howls of protest from consumers and disappointing subscriber growth projections, leading to a significant drop in Netflix's stock price.
Could be so with possible purchase of VUDU
Wal-Mart might be looking at expanding their empire into a different direction. Sources are telling us that a deal has been brokered for the retailer to purchase VUDU. With the potential purchase of VUDU, it would place Wal-Mart in the streaming business.
The decision could be a very smart move by the company, who is already one of the largest retailers of DVD and Blu-ray movies.
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